Stockholm, Sweden – January 11, 2019 – Edgeware has today announced that it is to acquire Swedish subtitling expert Cavena Image Products AB. The deal broadens Edgeware’s offering to broadcasters and content owners by adding subtitling automation to its origin solution.

Cavena has successfully been supplying solutions to the broadcasting market for more than 20 years and is a market leader in the area of subtitling. Cavena’s customers include Sky, Canal+ and HBO Asia. Integrating subtitling technology into Edgeware’s origin solution will enable broadcasters to build a higher-value origin system that can enable personalized advertising, support any type of device, and now automate the subtitling process. “Our growing numbers of broadcaster customers are demanding the highest quality from their OTT services. We already work alongside Cavena’s systems in some of our largest deployments, such as myTV SUPER in Hong Kong,” said Karl Thedéen, CEO at Edgeware, “so it makes sense for us to offer a more integrated solution to those broadcasters, and to further enhance our origin solution, which is generating a lot of interest. It also gives us the opportunity to introduce our respective technologies to each other’s customers.”

Cavena’s technology delivers high quality subtitles across any screen format, to any client and in any character set. It uses Optical Character Recognition to convert subtitles from image to text formats, which provide a much higher quality experience for OTT viewers. The system can also transcode different subtitle formats within milliseconds, scaling to support hundreds of channels. The Cavena-generated text is then passed on to Edgeware’s TV Repackager system, to create glitch-free OTT content. The combined solution supports any language, including more complex Asian character sets.

“Subtitling is an important part of today’s TV services, enhancing the accessibility of valuable content,” said Henrik Moberg, Managing Director at Cavena Image Products AB. “As more TV is watched online, our customers and prospects need to optimise subtitling to offer a high quality OTT experience. Working with Edgeware will allow us to integrate our technology into a broader origin solution that has been purpose-built for today’s online TV delivery.”

Edgeware will acquire 100% of the shares in Cavena Image Products AB, for 8 million SEK on a cash and debt free basis. The acquisition will only have a minor impact on Edgeware’s 2019 forecasted revenues and profitability but will have more strategic impact over the longer term, enabling Edgeware to offer a broader set of products into broadcasters and content owners OTT service. Edgeware also expects to benefit from some operational synergies between the two companies, which are both based in Stockholm, Sweden.

The deal is expected to close during Q1 2019.More information will be provided in connection with the presentation of the year-end report 2018, presented February 1, 2019.

Contact: Annika Norin, CFO

Tel: +46708856774, E-mail: annika.norin@edgeware.tv

This information is inside information that Edgeware AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 12:30 CET on January 11 2019.

]]>Edgeware’s Nomination Committee appointedhttps://corporate.edgeware.tv/en/edgewares-nomination-committee-appointed-2/
Fri, 21 Dec 2018 12:57:38 +0000https://corporate.edgeware.tv/en/edgewares-nomination-committee-appointed-2/The Annual General Meeting held on May 4, 2018 resolved that the Nomination Committee shall consist of representatives of the three largest registered shareholders in the Euroclear Sweden AB share register on August 31 2018, as well as the Chairman, who shall also convene the first meeting. The Chairman of the Nomination Committee shall be the member representing the largest shareholder in terms of votes, unless the Nomination Committee does not propose someone else.

The Nomination Committee’s primary purpose and responsibility is to submit proposals regarding the AGM Chairman, the Board of Directors, the Chairman of the Board, the auditors, directors’ fees, which are distributed between the Chairman and other members and remuneration for committee work, remuneration to the auditor, and possible changes in the proposed Nomination Committee for the AGM 2019.

On August 31, 2018, the three largest shareholders in Edgeware were Amadeus Capital Partners Ltd. (23.1%), Creandum (18.8%) and Swedbank Robur Funds holding 8.7%. Creandum has, however, declined participation in favour of Nordea Funds that purchased 8.02% of the company’s shares from Creandum.

The Nomination Committee of Edgeware has now been constituted and consists of Anne Glover, representing Amadeus Capital Partners, Erik Durhan from Nordea Funds and Annika Andersson representing Swedbank Robur fonder and the Chairman of the Board Michael Ruffolo. The Chairman of the Nomination Committee will be Anne Glover.

Together, the committee members represent 39.8 percent of the votes in the company.

To give the Nomination Committee the opportunity to consider proposals, they should be submitted by February 1, 2019. The Nomination Committee’s proposals will be presented in the notice to the Annual General Meeting 2019 and on the company website. Edgeware’s AGM 2019 will be held in Stockholm on April 11, 2019. Shareholders of Edgeware are invited to submit proposals to the Nomination Committee by e-mail to richard.berg@edgeware.tv.

Stockholm, Sweden – December 5, 2018– Edgeware announces today that it has won a significant order from one of its main European customers, underscoring that Edgeware’s Ad Insertion offering provides its customers with a pathway to new revenue streams.

Edgeware is happy to announce that it has won a significant order from one of its main European IPTV customers. The need to upgrade the existing hardware and software platform is driven by new requirements for making dynamic ad changes via Edgeware’s ad insertion solution. This offering contains an ad stitching product for IPTV, which enables the customer to dynamically insert new ads in the playout of on-demand catchup and nPVR (network Personal Video Recorder) content, giving our customer a pathway to new revenue streams.

“This is a great win for Edgeware”, says Karl Thedéen, CEO of Edgeware. “Although the order does not fundamentally change our view of the revenues for the year, it does provide proof that our Ad Insertion offering is carrier-class and that our customers are buying into its ability to expand their revenue streams.”

Edgeware AB (publ.) has appointed Annika Norin as its new Chief Financial Officer (CFO) effective from January 1st 2019. Annika will replace Steeve Fuhr, who as previously announced, has resigned for a new assignment with another employer.

Annika Norin has been Head of financial control & IR at Edgeware for almost three years. Prior to that Annika was Head of Finance at Acer Nordics. Prior to Acer she was Head of Finance at Hitta.se and part of the management team, during an intense period of growth between 2005 and 2012. Hitta.se was part of the Schibsted media group. Annika holds a Bachelor´s degree in Business Administration and Economics from the Stockholm University.

“I have really enjoyed working and contributing to the success of Edgeware including the listing at Nasdaq OMX. During 2018 we have taken several measures to make Edgeware even more competitive and I am honored to now join the management team and continue to build an even stronger company. I have a competent and committed finance team and will make sure we continue to live up to the high standards that is expected of us, says Annika appointed new CFO at Edgeware AB (publ.).

“Annika Norin is an experienced and successful financial professional with the background and leadership capabilities needed to support the continued development of Edgeware as a listed growth company”, says Karl Thedéen CEO at Edgeware. “In addition, Annika has a very good track record at Edgeware and she will hit the ground running in the role as our new CFO.”

Earnings per share for the period before and after dilution negative SEK 0.6 per share (pos: 0.1).

Significant events in the third quarter

Major order from Televisa in Latin America./li>

Edgeware launched container-based TV delivery platforms for installation in the cloud. Large interest from broadcasters and OTT operators for Edgewares new products at the IBC Conference in Amsterdam.

Edgeware registered its own subsidiary in Hong Kong.

Significant events after the third quarter

Important software deal with Com Hem was secured after the end of the quarter.

Comments by the CEO

It is with great satisfaction that I can confirm we have now delivered a third quarter with positive earnings and cash flow — proof positive that our action program has had an effect and was an important step in the right direction. Net sales for the third quarter of the year were SEK 55 million, which is slightly lower than the strong third quarter of 2017. Our gross margin ended up at 72 percent, which is in the upper half of the 65–75 percent interval we have historically delivered.

The biggest talking point of the quarter was our strong growth in Latin America, where a major network expansion at Televisa in Mexico provided a large boost to sales in the region. We also received orders from two new customers in Latin America and Europe during the quarter. Sales in Asia were low but we still see the region as highly intresting and during the quarter we established an own entity in Hong Kong. All in all, it has been relatively stable in regards of our major customers. The first three quarters of the year they had roughly the same levels of sales that they had during the corresponding year-earlier period. During the quarter we also continued our work on increasing efficiency in our market activities and on establishing collaboration with various partners to thereby increase the influx of new opportunities.

At the IBC industry conference during the quarter, we announced our first container-based software solutions adapted for cloud architecture for OTT operators, broadcasters and traditional operators. To increase the clarity of our offering, we market our products under such headlines as Amazing viewing experience, Deploy at scale and Capitalise your content, three factors we know are critical for our customers. Thanks to our new software solutions such as Origin and others, we could for the first time also present solutions for customers who do not own their own networks — broadcasters, for example. Our demonstration of Ad Enabler, which is included in Origin and offers personalised advertisements, generated particularly strong interest. This was due in part to our being the first to offer support for Android clients in this critical application. The major interest that broadcasters and OTT operators showed in our new products was for me a clear confirmation that we have expanded our addressable market entirely in line with our strategy. Going forward, we also see new opportunities through offering our software solutions as a service via public cloud service providers, or “Software as a Service” (SaaS). To meet the demand we are seeing for Origin and SaaS, we are now pursuing this as a project with the target of offering Origin as a cloud service during the first half of 2019. We see major operational and commercial advantages such as shorter sales cycles and repetitive incomes for a cloud-based business model of this type.

During the quarter, a large number of projects in which our software solutions were evaluated and tested were started up among customers in all regions. After the end of the quarter, we were also asked to demonstrate our container-based cloud solutions via Amazon Web Services at the Inter BEE conference in Tokyo in November. Last, but not least, in connection with today’s report, we have the great pleasure of announcing an important software deal with the Swedish service provider Com Hem.

We will continue to work on the actions necessary to return to profitable growth. We are expanding our business with new software-based products, cultivating new types of customers, increasing our activities outside of Europe and lowering our costs in certain areas in order to enable expansion where we see new business opportunities. I am still not satisfied with our financial results, but I see clear signs that our actions have yielded results and that we are thus on the right path.

Karl Thedéen
CEO, Edgeware

Contact:

This information is inside information that Edgeware AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 7:30 a.m. on 9 November 2018.

At 10:00 a.m. on 9 November 2018, the company will hold a web-broadcast teleconference, during which CEO Karl Thedéen will present the report together with CFO Steeve Fuhr.

Anyone wishing to participate in the teleconference in conjunction with the presentation should call one of the numbers below:

Mexico’s largest cable TV operator to migrate users and add time-shift TV features

Stockholm, Sweden – November 9, 2018 – Edgeware has today announced that Televisa, Mexico’s largest cable TV operator, will expand its existing TV CDN, adding more capacity and new time-shift features to its service. The new time-shift capabilities will be deployed for more than five hundred thousand subscribers across 100 channels, enabling its viewers to pause and rewind up to three hours of TV. The expansion will also enable many viewers of its Izzi TV service to migrate from an older platform and take advantage of the new features.

“Our viewers expect the best TV service available,” said Carlos Eduardo Romero, Video and Hubs Director at Izzi. “Having the convenience and flexibility to pause and rewind live TV is another example of how online TV has moved beyond traditional TV and delivers our customers a more engaging viewing experience.”

Televisa has deployed new Edgeware TV Servers to increase its capacity, while the new time-shift features will also take advantage of existing servers that are already deployed in the Televisa network, using their cache memory as a circular buffer to store programs across many channels.

“We’re delighted to continue to grow our relationship with one of the largest TV providers in Mexico,” said Karl Thedéen, CEO at Edgeware. “This project is another example of how our existing customers continue to enhance their online TV services, adding new capacity, capabilities and enhancing their viewers’ experience.”

Televisa’s new system was delivered and implemented in Q3 2018.

*ends*

About Televisa

Televisa is a leading media company in the Spanish-speaking world, an important cable operator in Mexico and an operator of a leading direct-to-home satellite pay television system in Mexico. Televisa distributes the content it produces through several broadcast channels in Mexico and in over 50 countries through 26 pay-tv brands, and television networks, cable operators and over-the-top or “OTT” services. In the United States, Televisa’s audiovisual content is distributed through Univision Communications Inc. (“Univision”) the leading media company serving the Hispanic market. Univision broadcasts Televisa’s audiovisual content through multiple platforms in exchange for a royalty payment. In addition, Televisa has equity and warrants which upon their exercise would represent approximately 36% on a fully-diluted, as-converted basis of the equity capital in Univision Holdings, Inc., the controlling company of Univision. Televisa’s cable business offers integrated services, including video, high-speed data and voice services to residential and commercial customers as well as managed services to domestic and international carriers through five cable Multiple System Operators in Mexico. Televisa owns a majority interest in Sky, a leading direct-to-home satellite pay television system in Mexico, operating also in the Dominican Republic and Central America. Televisa also has interests in magazine publishing and distribution, radio production and broadcasting, professional sports and live entertainment, feature-film production and distribution, and gaming.

About Edgeware

Edgeware supplies operators and content providers with systems to deliver modern TV services over the Internet at a huge scale. Edgeware’s unique technology provides an outstanding viewing experience that allows its customers to retain control of their content. Edgeware has more than 200 customers and is headquartered in Stockholm, Sweden, with staff in 11 countries across Europe, Asia and the Americas.

Stockholm, Sweden – November 9, 2018 – Edgeware has today announced that Com Hem, Sweden’s largest cable TV operator, has selected its Ad Enabler origin software. The solution will be used to prepare the TV/Video content for high quality internet delivery with support for personalized advertising experiences on 20 of Com Hem’s IP-delivered TV channels.

“We’re deploying this new ad insertion system so that we can create more engaging viewing experiences for the audiences of our online TV services and provide our advertisers the opportunity to present ads personalized to individual viewers,” said Magnus Lindhe, Head of TV development at Com Hem. “But it’s imperative that these higher-value replacement ads are delivered glitch-free. We’ve selected Edgeware’s origin Ad Enabler because it allows us to deliver the highest-quality TV experience which is of high importance for both advertisers and viewers.”

The Edgeware origin Ad Enabler uses frame-accurate segmentation to deliver an exact and seamless transition between frames of the programming and adverts. It detects ad markers in incoming live streams, which dictate where an ad break is to be inserted and for how long it should last. The segmentation provided by the Ad Enabler makes sure that the transitions between content and ads are precise and that ad breaks don’t override parts of the original content or cause glitches in the viewing experience. Edgeware’s ad insertion solution is also one of the first to support live OTT ad insertion on the MPEG-DASH standard – the native format for Android devices.

“This project illustrates the importance of personalized ad insertion to the online TV market,” said Karl Thedéen, CEO at Edgeware. “We’re delighted to have the opportunity to work in this area with one of the largest TV providers in the country, and this order from Com Hem demonstrates that we are in a leading position with our new second generation software solutions for ad insertion and origin products.”

Com Hem’s new ad insertion system will be implemented by the end of 2018.

*ends*

About Com Hem Group

Com Hem Group offers broadband, TV, play and telephony services to Swedish households and companies. Its powerful and future-proofed network with speeds up to 1 Gbit/s, covers half of the country’s households, making the Com Hem Group an important driver of creating a digital Sweden. Com Hem brings its 1.45 million customers the largest range of digital-TV channels and play services via set top boxes as well as on-the-go for tablets and smartphones. The company was founded in 1983 and has approximately 1,100 employees. Com Hem Group is headquartered in Stockholm and operates through three subsidiaries; Com Hem AB, Boxer TV Access AB and iTUX Communication AB. In 2017, Group sales totalled SEK 7,136 million. http://www.comhemgroup.com

About Edgeware

Edgeware supplies operators and content providers with systems to deliver modern TV services over the Internet at a huge scale. Edgeware’s unique technology provides an outstanding viewing experience that allows its customers to retain control of their content. Edgeware has more than 200 customers and is headquartered in Stockholm, Sweden, with staff in 11 countries across Europe, Asia and the Americas.

]]>Invitation to the presentation of Edgeware’s third quarter report 2018https://corporate.edgeware.tv/en/invitation-to-the-presentation-of-edgewares-third-quarter-report-2018/
Fri, 02 Nov 2018 06:30:22 +0000https://corporate.edgeware.tv/en/invitation-to-the-presentation-of-edgewares-third-quarter-report-2018/Edgeware’s report for the third quarter 2018 will be published at 07:30 CET on November 9.

A web-cast telephone conference will be held at 10:00 CET the same day, where CEO Karl Thedéen and CFO Steeve Fuhr will present the report. The presentation will be followed by a Q&A session.

The presentation will be held in English and can be followed on the web or over the

phone. To participate in the conference call, call one of the following numbers:

Edgeware to show containerized TV origin software at Inter BEE 2018 in Japan

Stockholm, Sweden – October 30, 2018– Edgeware today announced that it will demonstrate its cloud-native software at the Inter BEE tradeshow in Chiba, Japan. Edgeware’s software will run in containers on Amazon Web Services (AWS), preparing OTT TV streams for glitch-free viewing and personalized ad insertion.

“Many of our customers are adopting cloud services, so it is important we can optimize our solutions for this environment,” said Karl Thedéen, CEO at Edgeware. “Edgeware is a great example of a purpose-built solution like our TV origin, which leverages the benefits of cloud services from AWS. Showcasing it in Japan will help us develop opportunities in this exciting market.”

“Cloud providers like AWS are attractive because of their flexibility and scale, and containers were designed for this type of deployment,” said Johan Bolin, VP products at Edgeware. “They add even greater efficiency and are easier to maintain and operate than traditional monolithic software.”

The Inter BEE show is held on 14-16 November in Chiba, Japan and is the region’s largest tradeshow for the media and TV industries. The Edgeware demonstration can be seen at the AWS booth in Hall 6 /6402.

*ends*

About Edgeware

Edgeware supplies operators and content providers with systems to deliver modern TV services over the Internet at a huge scale. Edgeware’s unique technology provides an outstanding viewing experience that allows its customers to retain control of their content. Edgeware has more than 200 customers and is headquartered in Stockholm, Sweden, with staff in 15 countries across Europe, Asia and the Americas.

Edgeware announced today that Steeve Führ will leave the position as Chief Financial Officer (CFO) at his own request for a new assignment with another employer.

“Steeve has been employed at Edgeware since 2015 and has been a committed, competent and appreciated CFO. Steeve has played a key role during the company’s IPO process as well as in developing the company’s finance department, financial management and administrative processes to a level that can be expected in a listed company. I would like to thank Steeve for his efforts and wish him luck in his further career”, said Karl Thedéen, CEO Edgeware.

“I have had a fantastic and instructive time on Edgeware where I have had the privilege of working with a highly competent team as well as being part of an IPO and an exciting growth journey.” says Steeve Führ, CFO Edgeware.

Steeve will leave his assignment at Edgeware end of January 2019 and the process of finding a replacement has begun.

This information is inside information that Edgeware AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on October 27, 2018.